The Green Bay City Council this week will consider rescinding its plans to award $1 million in excess stadium tax dollars to organizations for economic development.

The possibility of unraveling the funding plan comes amid one of the most significant weeks in government for the entire nation as voters decide who to elect as the next president. But that's not slowing down Green Bay's elected leaders from taking on some big decisions, including passing its 2017 budget and signing a development agreement for the Cherry Street parking ramp apartment project.

Here's a closer look at what's happening in City Hall.

Stadium tax reversal

On Sept. 20, the Green Bay City Council approved a plan for dividing its $5.5 million in excess stadium tax money between economic development, infrastructure and debt relief.

Twenty-eight individuals and groups submitted requests for a slice of the $1 million set aside for economic development, and a Council subcommittee has recommended the money to 15 of those projects.

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Adam Rodewald(Photo: USA TODAY NETWORK-Wisconsin)

But on Monday, the City Council will consider undoing all of that and instead putting $1.4 million into property tax relief. The rest would still go to infrastructure and debt relief, under the newest proposal.

Council President Tom DeWane said the proposal came from Alderman John Vander Leest, who did not return messages Friday.

The Council previously voted down proposals by Vander Leest to return all or most of the stadum tax money to property owners in the form of property tax rebates.

The proposal might garner renewed interest in light of the 2017 budget plan that includes a 2.36 percent property tax rate increase. If approved, it would be the first tax rate increase in Green Bay in five years.